In my opinion, the overall movement is far from over (see e.g. LINK or AVAX are still far from the interim high of this cycle), I then go into cash depending on my assessment...so I 'hedge' myself by reducing my portfolio share of crypto, yes if you look at the Fear and Greed Index we are in extreme areas, but if you look at the Google Trends the retailers are still very far away from greed, but I also think that we are slowly seeing an intermediate correction, as Bitcoin is currently weakening and the money is already moving into the altcoins
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@lowiqinvesting I subscribe to all of them. Additionally: compare the BTC dominance with the phases where alts really made 10x. The dominance of BTC is still close to an all time high. As long as it is this high, we are far from an alt season and there is still a lot of potential - as long as the entire sector remains reasonably stable.
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•@Windbeutel Do you have a good website where you can see when altcoins outperform Bitcoin, I wanted to look at it again
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@lowiqinvesting
I'm right there with you, I also see a lot of stupid money coming into the market. I really meant in the short term, in terms of daily profits - the coins went down almost immediately after the post. I had reduced my leverage from 3 to 2, but will now increase the leverage again in the weakness. In the short term, they were at 25%+ daily profit, so my fingers are getting weak.
Especially when you zoom out a little, you can see how much upside potential there is still to come. The Treasury Secretary and Co. also seem to be the perfect bull-bull scenario. And the fact that Trump wants to set up a crypto exchange, plus his family's Shitcoin DeFi project - things could hardly get more fundamentally bullish. And Shitcoins are not even at their ATH.
I'm right there with you, I also see a lot of stupid money coming into the market. I really meant in the short term, in terms of daily profits - the coins went down almost immediately after the post. I had reduced my leverage from 3 to 2, but will now increase the leverage again in the weakness. In the short term, they were at 25%+ daily profit, so my fingers are getting weak.
Especially when you zoom out a little, you can see how much upside potential there is still to come. The Treasury Secretary and Co. also seem to be the perfect bull-bull scenario. And the fact that Trump wants to set up a crypto exchange, plus his family's Shitcoin DeFi project - things could hardly get more fundamentally bullish. And Shitcoins are not even at their ATH.
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•@lowiqinvesting You can view pretty much everything known in Tradingview. Simply search for the pairs, e.g. BTCETH or BTCSOL. You can find BTC dominance at BTC.D. Otherwise just google the pairs 🙌🏻.
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•@Windbeutel I'm aware of that, I was thinking more of a research paper or something like that
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•@lowiqinvesting I really enjoy watching Benjamin Cowen's videos (intothecryptoverse) on YouTube. He is extremely evidence-based, very calm. You can take a look. The topics are all covered there.
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